SNCF -owned Transport Ferroviaire Holding is acquiring Veolia Cargo's activities in Germany, Italy and the Netherlands. Veolia Environnement said the sale is worth €103m and forms part of a €1bn asset disposal programme announced in March 2009. Veolia Cargo has around 1 260 staff and 200 locomotives, and in 2008 handled 4·5 billion tonne-km generating turnover of €188m.